# With inflation still the focus, Fed minutes show openness to higher rates endgame

> Minutes from the Federal Reserve's late January meeting showed officials remain focused on inflation and open to further tightening. Participants noted the economy kept growing with a tight labor market.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/37233-with-inflation-still-the-focus-fed-minutes-show-openness-to-higher-rates-endgame
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hawkish Fed outlook supports the dollar and weighs on commodity prices, including grains and meals priced in dollars.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-11 | [Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes](https://feedsoft.ai/events/65431-fed-minutes-all-members-see-higher-gdp-and-inflation-and-more-rate-hikes.md) | -0.3% | +3.4% |
| DXY | 2024-01-29 | [USD/IDR drifts higher to 15830, focus on Fed rate decision, Indonesian inflation data — Octa](https://feedsoft.ai/events/32447-usd-idr-drifts-higher-to-15830-focus-on-fed-rate-decision-indonesian-inflation.md) | +0.2% | +0.4% |
| DXY | 2022-03-16 | [Fed finally moves against inflation with rate hike \| Reuters](https://feedsoft.ai/events/42200-fed-finally-moves-against-inflation-with-rate-hike-reuters.md) | -1.0% | -0.7% |
| DXY | 2026-09-22 | [Fed hawkishness puts Vietnam's dong, inflation and interest rates in focus](https://feedsoft.ai/events/17757-fed-hawkishness-puts-vietnam-s-dong-inflation-and-interest-rates-in-focus.md) | +1.1% | +1.4% |
| DXY | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | +0.2% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/fed-minutes-detail-debate-over-rate-hike-endgame-2023-02-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.